The Los Angeles, real estate market, is changing. There are many unknowns: Are we in a bubble waiting to pop? Will prices drop even more? How much higher will interest rates go? Will they ever come down? Is it a buyers’ market, or are sellers still in the driver’s seat?
To stay on top of current market trends, we crunch the monthly numbers for La Crescenta real estate, Glendale real estate, and Pasadena real estate and La Canada real estate, La Crescenta real estate, Glendale real estate, and Pasadena real estate. It’s not unusual for the real estate market to shift from a seller’s market to a buyer’s market and then back again. Choosing a Realtor with experience working in different real estate environments is critical. Successful agents who stand the test of time don’t rely on a “hot” market or favorable headlines about real estate. And that’s precisely the type of agent you need when the Los Angeles real estate market is changing…
Some buyers, sellers, and agents will let it get the best of them. However, an agent who’s been there and done that a time or two before knows how to keep themselves—and their clients—focused and calm. Thus, when the market is shifting from a hot seller’s market, where a homeowner could list their house, and it would be sold in a matter of days for more than the asking price, it’s natural for them to hope that to happen for them.
Conversely, when shifting from a buyers’ market, it can be difficult for a buyer to come to terms with having to offer over asking, knowing buyers were negotiating money off the price not too long ago. An agent familiar with changing markets will help you understand what to expect and not expect as the market shifts.
Real estate can look and sound super appealing when the market’s “hot.” This leads to many getting their real estate licenses. Getting the license is the easy part. Succeeding and surviving in any market is the hard part. Agents who come into the business because it looks fun, exciting, and easy soon find out that it is fun and exciting…but not easy! So, when the market shifts gears, many agents find a new line of work. But the Harb & Co. Team has been through severe shifts before and knows how to handle it.
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